BRICS De-dollarization: The Shift of Power in the Reserve Currency System

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【Crypto World】A recent statement by an economist has made a bold prediction: the days of the US dollar may be numbered.

His reasoning is as follows—BRICS countries are pushing for de-dollarization, driven by profound changes in global geopolitics. Historically, Iraq and Libya have attempted to price oil transactions in their own currencies or other currencies, but what happened? Both failed due to US intervention. But this time, things are different.

BRICS countries are not weak oil producers; they possess strong economic power and military strength, enough to become real challengers. More importantly, these countries’ economic growth rates far surpass those of Western developed nations. If this trend continues, the BRICS alliance could potentially dethrone the US dollar from its position as the reserve currency.

What impact will this have on global asset allocation? What insights does this offer for the valuation of crypto assets? These are questions worth deep reflection.

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BearMarketBuildervip
· 01-09 13:22
Is the dominance of the US dollar really about to loosen? Honestly, I’m optimistic about this wave of de-dollarization by the BRICS. Finally, someone dares to stand up to it. --- History always repeats itself. The main reason the BRICS can succeed this time is their large scale. Iraq back then was indeed pressed to the ground and rubbed. --- Wait, if there’s a major reshuffle in the reserve currency system, those holding fiat currencies will be really uncomfortable haha. --- The key question is—what does this mean for BTC and Ethereum? Will cryptocurrencies turn the tide in a de-dollarized environment? --- The BRICS alliance is acting frequently, and it seems the global financial landscape is hinting at something, but we still need to see actual implementation. --- I just want to know if this will end up like Iraq being destroyed, but the BRICS countries are indeed more resilient. --- Replacing the reserve currency sounds great, but for retail investors, it still depends on the price trends; everything else is just virtual. --- The wave of de-dollarization is here, and the asset allocation logic might really need to be rewritten.
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MoneyBurnerSocietyvip
· 01-09 10:24
Here we go again. Every time someone talks about de-dollarization, I think of my contract account... the liquidation price is just the target price, bro.
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SchrodingerWalletvip
· 01-08 17:54
De-dollarization, huh? It sounds good, but can it really happen? The BRICS countries are indeed a bit different this time, with their economic sizes standing there. It seems that crypto is the real biggest winner when the US dollar's position is shaken.
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SchrödingersNodevip
· 01-06 14:10
BRICS de-dollarization sounds good in theory, but can it really happen? History probably won't repeat itself that easily. Wait, this time is indeed different. They have the economic strength to back it up, unlike Iraq or Libya, which can be easily crushed... This logic seems somewhat plausible. If the reserve currency status wavers, maybe cryptocurrencies will have a real chance to rise? Thinking a bit too much. A loosening of US dollar dominance = crypto spring? I want to see how far it can go, but for now, just holding and watching. --- But honestly, the geopolitical chess game is becoming more and more interesting. It all depends on how much the BRICS countries are willing to back down in the end. De-dollarization sounds appealing, but can they unite when acting independently... that's the real issue. Is the Federal Reserve starting to panic? Just thinking about it is a bit exciting. --- Asset allocation is being reshuffled. We miners need to quickly figure out the accounts. According to this logic, if the dollar depreciation expectation comes true, maybe I should stock up on other assets? BRICS ≠ de-dollarization. There's still a whole ten blocks in between.
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GameFiCriticvip
· 01-06 14:09
Really? As for the de-dollarization of BRICS, I think the key still depends on whether the token economic model can hold up. Erosion of US dollar dominance → Restructuring of the reserve currency system → Revaluation of crypto assets? The logical chain is here, but we need to see how long the growth rate can be maintained. Historical data shows us that the transfer of monetary systems is never linear; there will inevitably be clearing in the process, and the impact on coin price volatility... depends on who can hold out until the end. --- Wait, if BRICS can truly challenge the US dollar, is there still enough liquidity incentive in the crypto market? That's what I care about. --- Sounds good, but the question is: how high is the internal interest alignment within the BRICS alliance? An alliance without strong incentive mechanisms will ultimately be a flash in the pan. --- Hey, once again, just painting a big picture. Instead of watching the decline of the dollar, it's better to first see which chain's economy is the most sustainable.
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BoredWatchervip
· 01-06 14:09
Is de-dollarization really reliable? It feels like we've been talking about it for many years. The US dollar is still holding strong; it's just a story to listen to. Can the BRICS really join forces? I think it's doubtful; everyone should do their own thing. If that happens, the crypto world will really take off, but the probability is a bit low. Replacing reserve currencies is not easy; the US won't let it happen that easily. However, in the long term, the trend is indeed changing, which is quite interesting. Benefiting from crypto assets? Well, only after a true transfer of power occurs.
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RugPullSurvivorvip
· 01-06 14:07
Is the US dollar falling from its throne? This time, BRICS is really serious; history won't repeat itself. The Americans might really start to panic this time; the stakes are too high. With the de-dollarization wave, the crypto world is the biggest winner. Who can't see this logic... Honestly, after the reserve currency system collapses, only then can cryptocurrencies truly turn around. I disagree with the economists' view; it feels overly optimistic, haha.
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GasFeeSobbervip
· 01-06 13:54
Is the US dollar really going to be eliminated this time? BRICS countries are taking a different approach this time, using both military and economic strategies. The likelihood of history not repeating itself is indeed high.
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OffchainWinnervip
· 01-06 13:50
Is the US dollar falling from its throne? This time, it's really different. The BRICS guys are truly not afraid. --- How many years have we been talking about de-dollarization? Now there's finally some movement. It all depends on whether countries dare to take a stand. --- Wait, there's a logical problem here. Having just economic size isn't enough; the key is whether the US dollar's financial system can be shaken. --- Cryptocurrency might really take off this time. Once the reserve currency system loosens, asset reallocation will inevitably involve the crypto world. --- History always repeats itself in surprising ways. Every time it's the same story, and the result is... I'll just watch. --- If BRICS can really pull this off, those holding the currency will make big profits. But the premise is that they dare to act. --- The reserve currency pie definitely needs a new owner. The US dollar's monopoly has lasted long enough. --- The problem is that BRICS countries still need to reach a consensus. That's even more difficult than dealing with the US dollar.
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